Imports to Colombia increased 8.2 percent year-on-year to USD 3.95 in February 2019, following a 10.4 percent gain in the previous month. Imports were mainly driven by higher purchases of manufactured products (7.5 percent), mostly machinery and transport equipment (11.9 percent); agricultural products, food and beverages (11 percent), of which food products and live animals (21.3 percent); and fuels and related products (11.2 percent), namely petroleum products and related (28.1 percent). On the other hand, purchases of other sectors dropped (-15 percent). Main import partners were: the US (25.4 percent of total imports), China (22.1 percent), Mexico (7.5 percent), Brazil (5.1 percent) and Germany (5.0 percent). Imports in Colombia averaged 1.81 USD Billion from 1980 until 2018, reaching an all time high of 6.08 USD Billion in July of 2014 and a record low of 0.28 USD Billion in February of 1986.
Imports in Colombia is expected to be 3.75 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Colombia to stand at 3.70 in 12 months time. In the long-term, the Colombia Imports is projected to trend around 4.50 USD Billion in 2020, according to our econometric models.